World Bank adjustment lending and economic performance in sub-Saharan Africa in the 1980s : a comparison with other low income countries

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Research > Author Profile > Report Details

World Bank adjustment lending and economic performance in sub-Saharan Africa in the 1980s : a comparison with other low income countries, Volume 1

Author:	Elbadawi, Ibrahim A.; Ghura, Dhaneshwar; Uwujaren, Gilbert;	Collection Title:	Policy, Research working papers ; no. WPS 1000. Transition and macro - adjustment
Country:	Africa;	Date Stored:	2001/04/18
Document Date:	1992/10/31	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	(Historic)Economic Policy
Region:	Africa	Report Number:	WPS1000
Sub Sectors:	Macro/Non-Trade	SubTopics:	Achieving Shared Growth; Environmental Economics & Policies; Economic Theory & Research; Inequality; Country Strategy & Performance
Volume No:	1

Summary: The authors investigated the factors that influenced the participation of sub - Saharan African countries and all low-income countries in World Bank adjustment lending. They estimated how the Bank's adjustment programs affected economic performance in both regions. They found that the marginal contribution of Bank-supported adjustment programs to export performance has been postive and significant in sub - Saharan Africa, given the potentially important links between export growth and economic growth. But adjustment programs have not significantly affected economic growth in sub - Saharan Africa and have had a deleterious effect on investment there. This strengthens the argument of those who call for more explicit consideration of the initial conditions of the sub - Saharan African economies in the design, emphasis, and schedule of their adjustment programs. For one thing, a redefined but more important role for governments is in order for reforming African economies. Fiscal and monetary retrenchment are still indispensable, but it is critical that there be more public investment in infrastructure, human capital, and agricultural technology - to generate a supply response. Moreover, efforts must be made to make policy reforms more credible to the private sector and to improve program implementation. Also, governance and political stability - politically sensitive issues - critically affect the adoption, implementation, sustainability, and credibility of adjustment programs.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 104 pages	Official version*	7.28 (approx.)
	Text	Text version**

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/VTLYZQP630